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Microsoft Senior Director of Corporate Strategy and Acquisitions Fritz Lanman quit his job a few weeks ago. I heard rumblings about this and assumed he’d be focusing an angel investing full time – for the last couple of years he’s done it as a part time hobby.

But nope, that’s not what he’s doing. He’s started a new company that’s creating a “social utility” mobile application called 5Star. And he’s raised somewhere around $1 million in an angel round from first tier angel investors, says a source.

That’s all we know right now. Will post details as we get them, or when Fritz starts answering my phone calls again.